ascena retail group, Inc. Announces Holiday Sales Results and Reaffirms Fiscal 2018 Second Quarter Earnings Per Share Guidance
January 08 2018 - 8:00AM
Business Wire
ascena retail group, Inc. (NASDAQ – ASNA) (the “Company”)
today announced sales results for the Holiday period (Saturday
11/18/17 – Monday 1/1/18) as presented below by segment and brand,
and reaffirmed its second quarter earnings per share guidance.
Segment
Comparable
Sales
Kids Fashion (Justice)
4%
Plus Fashion
(2%)
Lane Bryant
Flat
Catherines
(7%)
Premium Fashion
(3%)
LOFT (1%) Ann Taylor (6%)
Value Fashion
(9%)
maurices (6%) dressbarn
(13%)
Total ascena
(3%)
David Jaffe, Chief Executive Officer commented, “While holiday
performance was mixed across our brand portfolio, we were pleased
with the continued comp acceleration at Justice, along with the
significant trend improvement at both LOFT and Lane Bryant, which
were five points better than the prior quarter. As we discussed in
our December call, we are aggressively addressing merchandising
issues at dressbarn, and anticipate trend improvement as we get
into the Spring season. Quarter to-date enterprise comparable sales
are down 3%, and we are reaffirming our second quarter earnings
guide of a 7 to 12 cent loss per share, excluding the potential
impact from recently enacted tax reform.”
About ascena retail group,
inc.
ascena retail group, inc. (NASDAQ:ASNA) is a leading
national specialty retailer offering apparel, shoes, and
accessories for women under the Premium Fashion segment
(Ann Taylor, LOFT, and Lou & Grey),
Value Fashion segment (maurices and
dressbarn), Plus Fashion segment (Lane Bryant,
Catherines and Cacique), and for tween girls under the Kids
Fashion segment (Justice). ascena retail group, inc.
operates ecommerce websites and approximately 4,800 stores
throughout the United States, Canada and Puerto Rico.
For more information about ascena retail group, inc. visit:
ascenaretail.com, AnnTaylor.com, LOFT.com, louandgrey.com,
maurices.com, dressbarn.com, lanebryant.com, Catherines.com, and
shopjustice.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180108006025/en/
For investors:ICR, Inc.James Palczynski,
203-682-8229Partnerjp@icrinc.comorFor media:ascena retail
group, inc.Sue Ross, 218-491-2110Corporate
Affairssue.ross@ascenaretail.com
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